What questions should you ask about a new home insurance policy?

One of the most important things for home owners in Memphis, TN to know is that their home is protected in the event of anything bad happening.Whether your home is destroyed by a storm, fire, or robbed int he middle of the night, the agents at Keltner Insurance know how to find a policy that will protect you.  If you’re looking for a new home owner’s policy, make sure you consider these questions before you commit.

  1. Do I have enough coverage?  Remember that after a major disaster, the costs to rebuild and replace your possessions will increase.  In subdivisions, rebuilding often costs more than the house originally cost to build, thanks largely to the expense of hiring separate contractors for every job.  Make sure you have enough coverage to get back on your feet.
  2. What other expenses are covered?  Besides the cost of rebuilding, does your policy cover the costs of temporary housing?  What about the cost to remove debris?  Make sure your policy will cover all of your recovery expenses.
  3. Do you need replacement cost insurance?  Some policies will only give you he market value of the items you need to replace. Finding used replacement items, however, can be hard to do after a disaster.  If you don’t have enough money in savings to make up the difference and buy new clothes, appliances, and more, then consider buying replacement coverage.  This rider will provide funds to replace everything inside the home that was lost.

If you’re thinking about buying a new home insurance policy, or if you just want to see if you can save money on your existing policy, call the agents at Keltner Insurance.  They have years of experience helping Memphis, TN residents find the policies that are right for them and their budget